^ Yup. Some speculators have to understand that BTC is rising much faster than alts, taking much of the fiat value in crypto. If you bought anything with Bitcoin, you have to understand that there's an opportunity cost by trading it for
an alt.
The best move would then be to trade back to BTC, with BTC profit. It simply is the crypto to hold long term.
Chasing profits has always been a losers game, bitcoin has been doing great in the last months better than most alts, but if you were not invested in bitcoin already then it is a mistake to sell alts to buy bitcoin since you are selling cheap to buy and expensive asset, the best move is if you bought a solid alt like the BitDice token is to keep holding at some point the growth of alts is going to be bigger than the growth of bitcoin and you are going to not only recover your investment but get profits in the process. We think differently because what I believe is that it is not too late to Buy Bitcoin even if it has this price right now. As there is always the right moment to buy it and that moment is now as it is down from what is is used to be which is 20,000$ buying it now will give you a margin of safety and at the same time can maximize your earnings as you have built your own base. I don't have any comment on BitDice token as of the moment but everything should be given a chance to be analyzed. I'm not against buying bitcoin since the price is good, what I'm against is to do it when your alts are undervalued, right now alts have gone up significantly so right now not only the price of bitcoin is lower but the price of alts is high so this is the perfect opportunity to get some cheap bitcoin, now if you are buying with fiat you do not have to worry about the exchange rate of bitcoin and alts. |
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"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency" article published July, 5, 2017 https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients." It makes sense that a transition to accept bitcoin would be underway for more US-based stores. Soon I bet. I have read somewhere in the forum that Amazon is already considering bitcoin as payment for the products and services that they offer. In addition, more and more online shops and payment centers already accept the online payment by convertion from bitcoin. Therefore, it is quite sure that they'll accept it soon. This is just a rumor, no official word has come from Amazon, while I would like that to happen that is not going to be the case until the fees get lower, if steam dropped its support for bitcoin due to the high fees, I do not see why Amazon will suddenly decide to accept bitcoin when the fees are at one of the worst point in the history of bitcoin. |
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Yes, i think they do. And who might knows that one of those billionaires is running a mining land of bitcoins
No, if they had invested back when bitcoin was just a few cents they will own almost all the bitcoin but that was not the case, I really think that billionaires are going instead to try to create their own coins, it is not the style of billionaires to buy something when it is that valuable, so I think it is way more likely they are going to create their own coin that will try to surpass bitcoin but eventually that coin is going to fail. |
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The dream for rich from bitcoin is easy to realize, as we know that bitcoin prices continue to rise while bitcoin stocks do not change so that prices skyrocket so quickly that bitcoin owners get rich.
This is a common mistake, people think that making yourself rich with bitcoin is something easy to do when in fact that is not the case at all, bitcoin has wild swings in the price, and many people lose a lot of money during those swings and while becoming a holder somehow makes you less vulnerable to that It also makes you way more vulnerable if the price of bitcoin crashes, something we know it may happen since that happened once already. |
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Never. BTC got popular among layman because of its growth rate. If its price is stable people will not take it seriously. Even now also most of the BTC users think BTC as an investment tool, not as an alternative transaction mode.
But that is not really the fault of the users, bitcoin cannot be used effectively as a currency, with fees so high, some people reporting fees as high as 80 dollars, then there is nothing to do, we only have the option of keeping our bitcoin in our wallets, or to trade that bitcoin for altcoins and try to earn profits in the market, until the issue with the fees is resolved that is all what we can do. |
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We are entering in the new type of economy where price predictions are not possible any more because productivity and prosperity of humanity will rise to the new golden age level. Bitcoin will go to 1 million dollars in 2018 and is being used by central banks as a global stardard ledger - dollar will fade slowly those who buy now will become the new wealthy elite.
I agree on you.. People will have economic freedom and be able to control their own investments. The era of currency is in our hands.. Revolutions never happen that easily, while I do not expect to see blood on the street you need to be prepared for all kind of attacks against bitcoin, when the industrial age came people that were artisans and that made stuff were deeply against it, since their wages went down and the amount of work went up, banks are not going to give up their earnings just because someone, somewhere had a great idea. yes banks will consider crypto currency as a competitive one whenever people have got started to adopt bitcoin in real life , even at some place there is a government creates their own crypto which means they are slowly adopt the way financial technology like bitcoin works in our daily life. revolutions indeed never that easy , a lot of things must be scarificed . Yeah, notice how governments are not attacking bitcoin directly since they do not see a way to kill it, but they are attacking crypto in all instances where there is a centralization, exchanges are being attacked, miners are under attack in China and it seems they are fleeing the country, and I will think that the devs are going to come into attack as well, so they are trying to destroy bitcoin without attacking it directly. |
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A bold prediction. And it has something to back it up fortunately. Though i not too excited exclusively for btc. Ripple may break away as well from other alts and chase bitcoin the way bcc did for a short time. Long term holding would not only be for btc holders this year
Ripple has been pumping lately but how long can this last? What I mean is when bitcoin was close to 20k everyone that was rational about it knew a correction was coming, Ripple has been doing great but we need to acknowledge that a correction is coming as well, it is too late to invest in ripple if you want to obtain profits, wait for the correction and then invest if you do not you will lose money. |
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For me, I think it is because bitcoin users are unknown, unless they tell themselves. And because of that, government will find it hard to let bitcoin users pay for their taxes, unless they are honest enough. Aside from honesty, I could not find ways on how to determine how much a person own crypto currencies.
Well, yes. Bitcoin users are unknown, unless they tell themselves. Bitcoins are unknown because Bitcoin is anonymous. It is anonymous because a bitcoin user can tranfer and transport a lot of money in just some clicks. It also cause Money Laundering. Bitcoin is not controlled by the government, so that, bitcoin don't pay taxes in every transactions and it is running in the world with anonymity. That's why bitcoin is not supported in some countries. Governments can still impose taxes on crypto by their gateways. But what really bothers them are possible money laundering. Bitcoin is already popular in deep web which is of course not cool on governments. Terrorism and countries like North Korea are also possibilities why these countries will never tolerate and as much as possible will try to control this technology. They can impose all the taxes they want, the thing that really bothers them is they cannot take your bitcoin at will, governments and banks are together in this, that is why governments are fine with banks since they can ask banks to freeze any account and they do it, but when it comes to bitcoin that is impossible and they resent bitcoin because of that. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
This is highly unlikely, no government is going to choose bitcoin as their currency, even a country in deep problems will prefer to use other fiat as their national currency, if they proved to be inefficient in managing their own currency, now that does not mean that the people of those countries will not adopt bitcoin in order to protect themselves, this is something we are seeing a lot in countries with problems in their economy and that we are going to keep seeing for some time. |
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As of now I earn bitcoins and other altcoins by participating and joining on the bounty campaign here in bitcointalk and there are a lot of ways for you to earn $ you can invest money on the trusted ICO and harvest it when it done. And you can provide your service here at bitcointalk and they will pay you.
I am absolutely doing the same. Because i wanna literally start from nothing to something. And if i succeed in doing this? That will be the greatest thing that will ever happen to me. Something worth to brag about to friends. But if earning is your top priority and really need the profits fast, then invest and trade. But keep in mind that doing this needs effort and enough knowledge. So you have to really be serious about it. While there is nothing wrong with taking a slow approach at the same time you need to understand that our time is running out, cryptocurrencies are no longer the thing of just a few people interested in them, now crypto is a big business and it seems is going to get even bigger in the next years and if you do not have enough bitcoin or other cryptocurrencies then you could easily lose the opportunity of your lifetime by taking such a slow approach. |
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When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
In my own opinion, long term investment is better than short term investment because my main reason in investing is for my future life. Also, investing in a long time can generate you more profit rather than in short term investment. You just need to be patient and responsible enough with yourself and with your money. One of the advantages of long term investing over short term is that it is way easier to monitor your long term investments, you could do it once a week and that will be enough, but if you are a short term investor you need to look at your investments several times a day and that can be a very draining experience, especially if your investments are not doing great. |
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I started buying crypto on 23th December 2017 again - after a long period of waiting and hesitating.
I had my first bitcoin (5) in 2013 then got scared during the crash, sold and not thought about getting in again.
Now after a lot of researching, I took the decision to step back again into crypto. In my opinion there is a once in a life time chance to gain decent profit with a low invest.
Below is my final portfolio, which I'd like to hodl till end of 2018.
The focus is on growth chances. Apart from BTC and ETH all coins have medium or (really) small market caps.
All picks have been choosen on threads in this forum and on basis of an early portfolio review here - thanks to all members for sharing your views. On top of that I've researched a lot on this projects and I'm sure that every project has a bright and shiny future.
I would really appreciate your comments on my final choices.
Bitcoin (BTC) 6,82%
Ethereum (ETH) 11,69%
Quanstamp 5,99%
SONM 7,77%
Burst (BURST) 7,79%
ColossusCoinXT (COLX) 6,53%
VIBE (VIBE) 10,54%
Oyster Pearl (PRL) 13,52%
Elixir (ELIX) 17,43%
LUXCoin (LUX) 6,60%
Hubii Network (HBT) 0,96%
Payfair (PFR) 2,08%
Hawala (HAT) 2,27%
Profit since 23th December +60% so far.
I like the portfolio, there are some coins of which I do not know much but I have heard good things, since your goal is to grow your bitcoin then I suppose it was to be expected that you took some risks, but the fact that BTC and ETH consists of less than 20% of your portfolio is a little bit worrying to me since I am risk adverse, but that is a portfolio which will give you nice profits. |
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Let them be; it's their money on the line and not ours initially. Besides, what happens to their money may serve a greater purpose on their trading careers: not all cheap, penny coins are worth the risk and money. Assessing whether these coins are better to invest at or not would also be their concern in the near future proving that they'd learn from their mistakes. True that these cheap ass coins provide huge room for profits, but then again, what are the real-world benefits of these coins if they are left holding their bags?
Correct, if people want to throw their money at useless tokens who we are to stop them, if possible try to take advantage of the situation, now I do not feel comfortable investing in those coins, however the more people invest in those coins the longer bitcoin remains at the current prices, so you could see them as if they are buying us time, then when bitcoin begins to move up again they are going to move their money to bitcoin as well and we get profits as a result. |
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Its called Ixcoin.
- around since Bitcoin (2013) but better
- first bitcoin fork (yes, it was NOT litecoin) with many improvements
- nobody has heard of it thats why you can get in now for price of a pizza
- great, humanistic mission to make the world a better place and show the world what crypto is really about
- not a "make money quick" scheme like 99,9% of the others that greedy people invest in..
- the biggest success story of 2018
- its like when people discovered the universe is infinite
But keep in mind this wont go x50. It wont go x100... Dont buy Ixcoin if you want x50 or x100 because
this will go x10000.
So now you know. Please dont complain at me later that you did not know/did not get in early when its
at $10k a coin. Please do not buy this coin if you just want lambos, beach houses and space rockets. Get in this to make the world
a better place and help other people.
I know you are enthusiastic about your favorite project, especially if you are really a whale as you say you are, but you cannot expect to get a lot of people to believe in you with such ridiculous numbers, 10000x is impossible only bitcoin has grow that much but not even the most successful icos get that kind of grow, what you are saying is simply not going to happen. |
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It's really impossible for a society that doesn't have cash. I know it sounds great or amazing but for me it sounds dangerous for a society that has too much freedom and no undercontrol by something.
You are mistaken a society without cash is a society with less freedom, everything you spend will be recorded somewhere and if you use your credit cards for everyday things like groceries even your habits will be profiled, so even if you used some other form of payment they will be able to know that it was you the one to make those purchases since security agencies will know your habits already. |
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It depends. At this point i'd call Bitcoin an asset although originally it was a currency.
Bitcoin is not behaving that much like a currency in that I agree but we need to remember that is only because of the high fees once the high fees are under control we will be able to use bitcoin as a currency once again, just lets hope that happens soon enough because the fees are getting astronomical, it is going to come to the point you should only move thousands of dollars and that was never bitcoin true intent. |
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I save for now, but in a few years I hope bitcoin will be widespread more than today so I can buy goods with, then I'll spend some. Now we can hardly buy things with, and transfer to € is taxable by my government.
Whether or not bitcoin begins to be accepted everywhere and become more widespread will depend if the issue with the fees is resolved, there is not way anyone is going to pay a fee higher than the product they are buying, so the fees need to go down a lot if people are to use bitcoin in their everyday lives, also it is obvious taxes are coming and we must be prepared for that. |
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I will be honest, I regret the day that I did not start with bitcoin. It was in the very early days, value was still around $1. But I calculated that the costs of mining would exceed the value of the coin. Then around 2011 I had some money to 'invest' and considered bitcoin. I don't even want to calculate the value it would be now, that's just frustrating  . But hindsight is always easy. If we could look into the future we would all be millionaires the next day. But I could not stop following it because I like the technology and also the economic aspect. So I believe the point of investment is just gone. Even if it go's up to 100.000 this still would 'only' be about 10 times the value now, so not the mega profit from the early days. But I'm convinced that bitcoin will crash some day. Not because of envy, but there are a lot of things pointing to a tipping point. A bubble for sure. The question is when will people realize this and when will the fall start. So I'm pretty sure about this and this time I don't want to miss this opportunity. The question is, what would be the best strategy to profit from this crash? I thought CFD's and short-selling, but when it go's up a lot, I don't have the equity to hold the positions and they will be terminated/margin call. Also I don't trust the brokers, will they pay when the fall is huge? We can discuss about a crash yes or no, but for me this is not a question anymore. The only question is, how can I make sure not to regret this opportunity this time. Invest in alts, is that simple, you are waiting for bitcoin to crash, well guess what, you are not going to get a lot of profits with that either, you are going to lose money instead, find some alts that are at good price and that have not been around for long, and then hold them for 5 years, if you invest a decent amount of money you could become rich and if lucky even a millionaire. |
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"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency" article published July, 5, 2017 https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients." It makes sense that a transition to accept bitcoin would be underway for more US-based stores. If only all countries around the worl is as progressive and is as advanced as japan is then goodbye fiat money and hello to cryptocurrencies. We cannot expect every single country to be like Japan, in fact I did not thought that a country will adopt bitcoin as fast as Japan did, it is very likely they are thinking that bitcoin is offering an opportunity to make their economy more prosperous and that is why they have decide to adopt bitcoin despite the reservations that other countries like China and the US have about bitcoin. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
Everybody dreams to be rich because everybody wants to be happy to buy all their wants at doing all things they wanted to do. For now i didnt earn bitcoins yet and i didnt lose some too. Hoping that i can earn this year to help my family. Your earnings will depend entirely on two things the amount of effort you are willing to put in bitcoin and the skills you have, if you have those two factors earning a good amount of bitcoin in a relatively short amount of time is possible, you just need to be smart do not spend that bitcoin, we are about to see another huge increase in the price and you cannot spend your bitcoin recklessly. |
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